Used cars in price crash

Sunday Mirror, Sep 7, 2008

PRICES for second-hand cars are falling through the floor as the credit crunch takes its toll.

A typical three-year-old vehicle is now only worth around 38 per cent of its original price - less than in the 1990s recession.

It comes after new car sales have slumped to their lowest for 40 years as cash-strapped consumers shun showrooms.